Tag: Bitcoin

After $750M Bitcoin Allocation, Ruffer Investment Says BTC is Early in Its Safe Haven Cycle

Amid the recent warnings issued by the UK Financial Conduct Authority on crypto scams, the giant asset manager Ruffer Investment has defended its decision to allocate about 2.5% of its portfolio in BTC. The UK-based company with over $27 billion AUM said that bitcoin’s adoption is still early as most investors are “desperate” for alternative […]

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UK fund manager Ruffer: we are in the “foothills” of institutional adoption of bitcoin

UK fund manager Ruffer: we are in the “foothills” of institutional adoption of bitcoin

Ruffer Investment Company, the British fund manager which recently revealed it had bet £550m on bitcoin, has published more details about the headline-grabbing move. In a review covering the six months to December 31, 2020, Ruffer said it has a history of using “unconventional protections” and that it views bitcoin in that same vein during […]

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Crypto Prices Consolidate, Handful of Altcoin Markets Pop, Bitcoin Accumulation Addresses Rise

Crypto Prices Consolidate, Handful of Altcoin Markets Pop, Bitcoin Accumulation Addresses Rise

The price of bitcoin and a number of digital assets have been consolidating this week, after a number of crypto markets dropped over 25% the week prior. The entire crypto-economy is hovering just below the $1 trillion mark at $987 billion, gaining 1.3% during the last 24 hours. Crypto Asset Markets Consolidate A good number […]

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CIO of investment giant Guggenheim confirms Bitcoin price prediction of $400,000

The Bitcoin price could reach $400,000 driven by mainstream adoption. Asset management firm Guggenheim confirms its investment in Bitcoin. Guggenheim Partners Chief Investment Officer Scott Minerd has given an interview to Bloomberg Markets and Finance. During the interview, Minerd reiterated his position that the price of Bitcoin should be close to $400,000 and called the […]

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Russian crypto exchange Livecoin is shutting down after a claimed attack that caused a $3.3 million loss to users

Russian crypto exchange Livecoin is shutting down after a claimed attack that caused a $3.3 million loss to users

Russian cryptocurrency exchange Livecoin has announced that it is shutting down after witnessing a “carefully planned attack” last month. “Our service has been damaged hard in technical and financial way,” said Livecoin on Saturday. “There is no way to continue operative business in these conditions, so we take a hard decision to close the business […]

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45,000 Bitcoin Mining Rigs Confiscated by Iranian Authorities Amid Blackout Controversy

Iranian authorities have confiscated 45,000 bitcoin mining rigs that used subsidized electricity to mine the cryptocurrency. This is yet another considerable seizure in the Middle East country, which has experienced frequent blackouts that the government blamed on BTC mining. 45,000 BTC Mining Machines Confiscated In Iran Local media outlets reported that the police had seized […]

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Steve Forbes Says Bitcoin’s Fixed Supply Limits Its Ability to ‘Meet the Needs of a Growing Economy’

Steve Forbes Says Bitcoin’s Fixed Supply Limits Its Ability to ‘Meet the Needs of a Growing Economy’

American publisher Steve Forbes has attacked bitcoin’s fixed supply saying this feature actually curbs the ability of the crypto to “meet the needs of a growing economy.” He also argues that bitcoin cannot replace the dollar because it is presently too volatile to function as money. Forbes insists that money only works best if it […]

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IMF Tells Governments: Spend as Much as You Can and Then Spend More

IMF Tells Governments: Spend as Much as You Can and Then Spend More

The head of the International Monetary Fund (IMF) has called on countries worldwide to spend as much as they can and then spend more. She admitted that this is a “very unusual” policy for the IMF but it is needed to revive economies. Many people are interpreting her statement as very bullish for bitcoin. IMF […]

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Dollar-Cost Averaging Crypto Profits: Low-Risk Bitcoin Investing Without All the Stress

Dollar-Cost Averaging Crypto Profits: Low-Risk Bitcoin Investing Without All the Stress

Bitcoin prices and a number of other digital assets have grown significantly in value during the last decade. Some people have made millions and even billions throwing down everything they have during the cryptocurrency’s earliest days of price discovery. However, there’s another method of investing called dollar-cost averaging or DCA, a scheme that’s considered far […]

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